00:00Hello, investors. I am Dan Klein. I am the co-editor of TheStreet.com, and I'm coming to you from Celebrity Silhouette.
00:06So my other job is executive editor of our cruise product, Come Cruise With Me.
00:11But as ridiculous as it is, being on a blustery pool deck, I wanted to talk a little bit about market volatility and sort of reassure people.
00:19One of the things Todd Campbell, my co-editor at TheStreet here and I believe in, is buying really good companies and holding on to them for a very long time.
00:27If that's the strategy you've followed, it does not matter that the market is down.
00:32Tariffs don't matter. The president doesn't matter. Congress doesn't matter.
00:36What you need to look at is, is this company that I believe was good?
00:39That could be Royal Caribbean. That could be Starbucks. That could be Microsoft.
00:43Are those companies still what you thought they were?
00:46Now, if the CEO changed, if something fundamentally changed, maybe you don't believe in them that much.
00:51But most good companies will weather the storm.
00:54And as you go through the ups and downs of, oh my God, this happened and the market's up a thousand.
00:59Remember, the market has traditionally, not traditionally, has always recovered.
01:03So if you're in this for the long haul and you believe in the companies you're buying, don't look at the market every day.
01:09This isn't a baseball game. It doesn't end.
01:12It doesn't matter what the score is in the fifth inning in a 300-inning game.
01:15Remember why you invested in that is to pay for your retirement, to buy a house, to pay for a wedding, to buy a boat, you know, whatever, to get those, you know, ab implants, whatever it is.
01:27Remember, you have a long horizon.
01:28And even if you are retired and you're putting some of this money to work, have faith that traditionally, 12, 18 months, the market comes back.
01:36I know it's terrifying, but we are here with you.
01:39I am Dan Klein. Stay with us at thestreet.com.
